Longeveron Inc (NASDAQ:LGVN) shares traded 48.62% higher at $2.69 on Wall Street last session.
LGVN stock price is now 66.75% away from the 50-day moving average and -76.18% away from the 200-day moving average. The market capitalization of the company currently stands at $17.08M.
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In other news, Hare Joshua, Chief Scientific Officer bought 42,553 shares of the company’s stock on Apr 11 ’24. The stock was bought for $100,000 at an average price of $2.35. Upon completion of the transaction, the Chief Scientific Officer now directly owns 633,280 shares in the company, valued at $1.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 11 ’24, Director Soffer Rock bought 31,915 shares of the business’s stock. A total of $75,000 was incurred on buying the stock at an average price of $2.35. This leaves the insider owning 208,534 shares of the company worth $0.56 million. A total of 30.39% of the company’s stock is owned by insiders.
During the past 12 months, Longeveron Inc has had a low of $0.77 and a high of $40.00. As of last week, the company has a debt-to-equity ratio of 0.62, a current ratio of 0.71, and a quick ratio of 0.71. The fifty day moving average price for LGVN is $1.617 and a two-hundred day moving average price translates $11.1939 for the stock.
The latest earnings results from Longeveron Inc (NASDAQ: LGVN) was released for 2024-03-31. The net profit margin was -2210.84% and return on equity was -214.03% for LGVN. The company reported revenue of $0.55 million for the quarter, compared to $0.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 96.42 percent.
